[Goldman Sachs: The Fed is expected to cut interest rates by 25bp three times in a row this year] Golden Finance reported that Gurpreet Garewal, a macro strategist at Goldman Sachs fixed income and liquidity solutions, said in a report that the Fed is expected to cut interest rates by 25 basis points three times in September, November and December. But she said that if the August employment report released next week shows more signs of weakness in the job market, it may prompt the Fed to start a larger interest rate cut of 50 basis points.